SINGAPORE - Enigma Group has applied for a digital full bank licence with the Monetary Authority of Singapore through a consortium, the Singapore-based company said.

The group comprises Singapore-based companies - cybersecurity firm Qrypt Technologies, app developer 2359 Media and Blockchain Worx.

It also includes UK-based Enigma Global Holdings, which had recently entered a deal to acquire an existing challenger bank, the statement said, without identifying the bank.